Sounds like the union did the worst job of all! The exec pay raise does sound fishy but I blame the workers and their union more (shutting down a company? REAL smart). My job had a really nice pension that went from 5% to .25% - these things HAVE to be done today, the Hostess pension and med was simply unsustainable (like Obamacare will be).

I would blame crap business practice, even if the strike was the final nail in the coffin. It's not the worker's fault that management didn't know how to handle a brand. And they raised their own salaries while asking for the cuts? Workers were in a bad sitiation to begin with, strike or be shit on.

Even the TEAMSTERS UNION was telling the Bakers Union TO GO BACK TO WORK. They reviewed Hostess books and stated that the company was not lying about it's position. But the Bakers' Union obviously never heard the expression "half of a loaf is better than no loaf at all." Good job, union leaders and rank and file, you've destroyed the company and now have nothing,

Apparently there is a White House sponsored petition to petition the president to nationalize Hostess and then sell it back to the Union - ya know, like GM; need to keep buying votes after all - only "4 more years"!

Yeah, maybe the company's going under, but I guarantee that Twinkies and all those other treats aren't going anywhere. SOMEONE will buy the reduced-priced rights and make more. And even if they do stop, someone else will make something similar. I don't eat that much Hostess, anyway, so it's not a big loss in my book, food-wise.